Is FIL Price Ready To Move Beyond $20 In 2024?

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Filecoin has a market cap of $3.5 Billion and is ranked 29th in the Cryptoverse. It has a total supply of 1,960,252,106 FIL in which 30% is circulating in the market. FIL token price is currently trading near the value of $6.30 with a slight gain in the intraday session.
FIL token price is currently in a consolidation zone in the daily chart. It is trading below the 100 and 50 EMA which can act as a resistance. The upside trend of the FIL token price can see a halt near the value of $7. Meanwhile the support of the asset price can be seen near $5.5
The RSI of FIL token price is currently near 59 with a strong positive slope. The overall sentiment of the RSI is bullish in nature.